Life insurance can be really confusing. Your needs are not always the same. As you go through life, your life insurance needs may go up and down. You may be a little uncertain about when you should reevaluate your insurance needs. What sorts of events make a difference in your life insurance needs? At Goodman Insurance Inc. in Shelton, CT we are there for you through all the stages of your life and we are happy to sit down with you as often as you feel it is necessary.
Buy a Home Experts recommend buying life insurance when you are young. The rates will be lower. As a young and single person purchasing a home in a major life change. It also means that you need to have enough life insurance to pay off your mortgage if you should pass away.
Get Married Getting married is a major life change. While you may want to increase your coverage when this happens, more importantly, you will need to change the beneficiary on your policy. This is best done in a sit-down reevaluation with your insurance agent.
Have a Child Having a child changes everything and it means also changing how you think about your life insurance. You may also want to start them off in life with a policy of their own.
Children move out Children grow up and they move out. The life insurance that you had to protect them while they were your responsibility is now not necessary and it may be time to think about the type and amount of insurance that you have.
Get divorced or spouse dies When your marital status changes you need to take a look at your insurance policies. The beneficiary needs to be changed and the amount of insurance may also need to be considered.
These are just some life events that may require that you reevaluate your life insurance. At Goodman Insurance Inc. in Shelton, CT we understand that life insurance needs change and we are happy to sit down with you to discuss where you are now. Call our office to set up an appointment.